Northland Power Inc (Ontario) reports results for the quarter ended September 30 - Earnings Summary

Northland Power (Ontario)

14/11/2024 03:51

* Northland Power Inc (Ontario)  NPI.TO  reported a
quarterly
adjusted loss of 70 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 14 cents.  The mean expectation of
six analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 3 cents to 32
cents per share.
    * Revenue fell 4.4% to C$490.50 million from a year ago;
analysts
expected C$481.33 million. 
    * Northland Power Inc (Ontario)'s reported EPS for the
quarter was
a loss of 70 cents​.
    * The company reported a quarterly loss of $178.16 million.
    * Northland Power Inc (Ontario) shares had fallen by 13.8%
this
quarter and lost 16.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 21.6%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the independent
power
producers peer group is also "buy"

Wall Street's median 12-month price target for Northland Power
Inc (Ontario) is C$30.00 
This summary was machine generated from LSEG data November 14 at
03:51 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.15           -0.70          Missed
 Jun. 30 2024      0.17           0.95           Beat
 Mar. 31 2024      0.55           0.29           Missed
 Dec. 31 2023      0.42           -1.13          Missed